Gold prices in Pakistan fall Rs4900 per tola
Gold prices in Pakistan dropped by Rs4,900 per tola on Friday according to the All Pakistan Sarafa Gems and Jewellers Association.
Local market rates settle lower
The price of 24-karat gold per tola settled at Rs411,636 after falling by Rs4,900 in the local market on Friday. Ten grams of 24-karat gold decreased by Rs4,201 to reach a selling price of Rs352,911 for buyers. Twenty-two karat gold also saw a decline of Rs3,851 per ten grams to settle at Rs323,513. Silver prices followed the downward trend with the rate per tola falling by Rs111 to Rs5,467.
International rates drive local drop
The All Pakistan Sarafa Gems and Jewellers Association reported that international gold prices decreased by $49 to reach $3,891 per ounce. International silver prices also fell by $1.11 to settle at $49.89 per ounce during the same trading session. Business Recorder noted that Thursday's price per tola was Rs416,536 before a separate decline of Rs10,900 occurred that day.
Silver and gold both slide
Ten grams of silver declined by Rs95 to reach Rs4,687 in the domestic market according to the association. The international price of silver dropped to $49.89 per ounce while local rates adjusted downward significantly. Both precious metals experienced losses in value as global markets influenced local trading conditions on Friday.
All 2 outlets report consistently
No differences in figures, names or dates across these reports.
- Associated Press of Pakistan
- Business Recorder
Reported by
2 independent outlets. Headlines as published. Links open the original report.